Ellison pleaded guilty to seven felony counts, including fraud and conspiracy.

Ellison is scheduled to begin her prison sentence in November, and she is expected to serve her time in a minimum-security facility.

U.S. District Judge Lewis Kaplan acknowledged that Ellison was “gravely culpable” in the fraud but also recognized her “remarkable cooperation,” which distinguished her from Bankman-Fried.

Sam Bankman-Fried was convicted of multiple fraud charges related to the collapse of FTX and is serving a 25-year prison sentence. He is currently appealing the conviction and sentence.

Yes, Ellison cooperated extensively with prosecutors, meeting with them around 20 times and testifying against Sam Bankman-Fried during his trial.

Yes, Ellison could be released a few months earlier than her two-year sentence if she exhibits good behavior in prison.

Caroline Ellison was sentenced to two years in prison for her involvement in the fraud.

Besides Ellison, Nishad Singh and Gary Wang, two other former FTX executives who cooperated with prosecutors, are awaiting sentencing in October and November, respectively.

Ellison faced a potential maximum sentence of 110 years in prison for her crimes.

At the peak of his career during the cryptocurrency boom, Sam Bankman-Fried’s net worth was estimated at $26 billion according to Forbes.